An Insight into Spreadex and what they Offer : Review
Established in 1999, Spreadex is one of the longest-running financial spread betting providers, known for its experienced, knowledgeable and extremely friendly dealers.
Spreadex is one of the companies which still provide a bespoke telephone dealing service in the financial spread betting industry. Apart from allowing you to make trades by calling a dealing they also offer online dealings.If you are away from trading or the trading platform is down this can assist you in trading. Most of the traders and investors are happy with the services received from Spreadex, as not much negative comments are seen against them. The products and range of markets they offer is good and the size of the bid-offer spreads are competitive and generally speaking are about the industry average (nothing impressive there).They have competitive size of the bid-offer along with good product and market range which is up to the average of the industry. Companies with market caps of one million or above are quoted by them along with offering competitive margin requirements.A profound amount of leverage for spread traders is offered by the Spreadex as a company.
Learning and using the Spreadex,as a trading platform is quite easy along with its decent spread makes.It is not possible to place a stop loss when you have already set an order, which appears as the drawback of the company.To set and stop the limit you have to open a position. To some people it appears misleading that at the time of triggering of stop loss system would not immediately close the position.Some spread traders might think that the position is open when this is not true because of the taking a bit of time before the real positions are actually take off the open positions page.
At Spreadex the limit orders and stops are enhanced when the bids or the offer prices hit a specific level where spread is included in the price.As per your wish the same contract can be bought many a times. But if you want to go short, you would need to open a contract with an expiry date different from the previous ones.Some long positions instead of short ones can open for you instead.
In case of the interest rates below then LIBOR,people are not charged for short position in Spreadex. Yes, this is something that can attract some traders and investors to work under the platform of Spreadex..
Because of its helpful and friendly staff,Spreadex is worth considering for spread trading.Most of the basic features used for trading are found along with reliable service,though you may find that the platform needs some polishing in some areas.
Find more info on Spreadex Review and Compare Spreadex.
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